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Centene CNC Ratios & Valuation

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Profitability
Gross margin98.6%+0.2pp98.7%+0.3pp98.6%+0.3pp98.6%+0.4pp98.5%+0.5pp
Operating margin-2.8%-3.9pp-3.7%-5.8pp-3.9%-5.9pp-3.1%-4.9pp1.1%-0.9pp
Net margin-2.5%-3.7pp-3.3%-5.3pp-3.4%-5.5pp-2.8%-4.7pp1.2%-0.6pp
Returns
Return on equity-20.4%-27.9pp-26.1%-38.7pp-28.8%-41.4pp-21.9%-33.6pp7.5%-3.1pp
Return on invested capital-25.1%-30.0pp-30.4%-39.8pp-29.3%-37.6pp-22%-30.2pp4.9%-3.0pp
Efficiency
Asset turnover2.4×+0.3×2.4×+0.4×2.4×+0.5×2.3×+0.3×2.1×+0.2×
Liquidity
Current ratio1.1×0.0×1.1×0.0×1.1×0.0×1.1×0.0×1.1×-0.1×
Leverage
Debt-to-equity0.7×+0.1×0.8×+0.1×0.9×+0.2×0.8×+0.2×0.6×0.0×
Per Share
Book value per share$45.34-18.4%$43.24-22.8%$40.46-19.8%$42.65-18.2%$55.53+7.8%
Valuation
Market capitalization$30.74B+139%$16.1B-46.5%$20.23B-33.9%$17.52B-55.7%$26.9B-24.0%
Price / sales0.2×+0.1×0.1×-0.1×0.1×-0.1×0.1×-0.2×0.2×-0.1×
Price / book1.4×+0.9×0.8×-0.3×-0.1×0.8×-0.6×-0.3×

FAQ

What are Centene's profit margins?
Centene (CNC) runs a 98.6% gross margin and a -2.8% operating margin, with a -2.5% net margin.
Where do Centene's ratios come from?
Every ratio is computed from Centene's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.